Red MC
Platinum
HSBC · Mastercard · Platinum
Red MC
Why pick it: 4x points on online, dining and overseas spend
Rewards card: 4x points (1 mile per ₱50) on online, PH dining, department store and overseas spend up to ₱40k monthly; Caltex rebate.
- Score
- 34 /100
- Rank
- #47 of 123
- Annual fee
- ₱2,500
Para sa online at dining ang points dito. Libre ang annual fee sa first year, pero may fee na sa year two.
Bottom line: Kung mas online at dining ang spend mo kaysa travel, at kaya mong humingi ng waiver sa year two, okay ito.
Read the full take: the math, what's good, what hurts
Mula year two, ₱2,500 ang annual fee sa page; puwede mong hingin ang waiver, pero sa bank ang desisyon. Sa typical household (~₱825k a year), nasa ~₱5,000 ang earn, pero -₱1,500 ang travel value, negative dahil sa 3.50% na foreign fee, from our data. 34 ang score nito, kaya #47 sa 123 open cards.
The numbers in this take are our estimates for a typical household, not bank policy. Check fees and waivers with the bank.
What's good
- 4x points sa online, dining, shopping at overseas, plus 1 bonus point per ₱20 sa lahat ng iba.
- Pwedeng i-convert ang points sa Asia Miles, KrisFlyer o Mabuhay Miles.
- 3% Caltex rebate buong taon, hanggang ₱600 a month.
What's bad
- Capped ang 4x sa ₱40,000 a month na spend.
- Galing sa data ang 3.50% na singil sa foreign transactions, kaya 4x man ang overseas, hindi ito bagay gamitin abroad.
- Kailangan mo ng ₱400,000 a year na income at locally issued primary card na hawak mo nang at least 6 months.
- Hindi nakalista sa page ang lounge o travel insurance.
The catch: Kinukumpirma ng page ang ₱2,500 na fee mula year two. Per the HSBC rewards general terms 3(a), walang bonus points ang drugstores, gas stations, education, utilities at installments (hiwalay ang Caltex rebate). Valid ang bonus points hanggang 3 years mula sa account open date, per clause 4(b).
Rechecked on the bank page on 2026-10-24. Not on the page: foreign fee; lounge or travel insurance; list of MCCs that earn no points; how the ₱640 monthly cap in our data maps to the ₱40,000 spend cap. Our opinion, based on published terms. Not financial advice. The bank decides approval.
The take above is written for a typical household spending about ₱825,500 a year. Get your own score in 60 seconds.
- Yearly value for a typical household:
- about ₱3,500 in rewards (₱5,000) and travel value (−₱1,500), before the ₱2,500 annual fee (on request; the bank decides)
- To qualify:
- ₱400,000 a year income; Must hold another local bank's primary card 6+ months
- Bank service:
- About typical.
First year
- Welcome offer:
- Free World Traveller carry-on luggage: spend ₱40,000 within 60 days of approval and register in HSBC app (new-to-HSBC-card only). (ends Nov 30, 2026)
- Annual fee:
- First-year annual fee waived.
Bank details as of Oct 23, 2026. Offers change; confirm on the bank's page before you apply. None of this changes the card's score.
Score breakdown, fees, rewards and perks
Score breakdown
#47 of 123 cards open to new applicants, and #67 of all 170 scored cards once invite-only, closed and limited-eligibility cards are counted too.
- Yearly value15 / 63
These bars compare each part with other cards on its own, so they don't add up to Yearly value. How it is scored
- Rewards on the default spend11 / 37
About ₱5,000 a year in rewards on the typical household's spend, after caps and the foreign fee on foreign online spend. How the bars work
- Annual fee after waivers12 / 16
A ₱2,500 fee that the bank may waive on request. How the bars work
- Travel and perks on the default spend1 / 10
About −₱1,500 of travel value on one trip abroad a year, after the 3.50% foreign fee. How the bars work
- Promos and 0% installments6 / 15
0% installment network: fair. Promos: weak, judged by what a typical household would likely save from the promos this card gets, past and current, with 17 live promos tracked. How it is scored
- Points flexibility7 / 10
3 airline partners, and points that expire. How it is scored
- Credit limit and upgrade path3 / 5
Platinum card level, plus how HSBC handles credit limit increases and card upgrades. How it is scored
- App and service3 / 5
Banking app: strong. Service: about typical. How it is scored
- Late fee0 / 2
A late fee of ₱1,500 for one missed payment, or the unpaid minimum due if that is lower. How it is scored
On the default spend: about ₱5,000 a year in rewards and −₱1,500 in travel value.
Score over time
Total score and tier on each data date, on the default spend.
- Between Oct 24 and Oct 26 the scoring method changed (2 changes), so part of that move is the method, not the card.
- Between Oct 26 and Oct 27 the scoring method changed (10 changes), so part of that move is the method, not the card.
- Between Nov 2 and Nov 4 the scoring method changed (a card with a higher income minimum for first-time applicants is no longer left out), so part of that move is the method, not the card.
- Between Nov 10 and Nov 11 the scoring method changed (3 changes), so part of that move is the method, not the card.
- Method changes
Fees and who can apply
- Annual fee
- ₱2,500
- Supplementary fee
- ₱1,250
- Fee waiver
- On request; the bank decides
- Foreign transaction fee
- 3.50%
- Minimum income
- ₱400,000 a year
- Also needs
- Must hold another local bank's primary card 6+ months
Rewards
1 point per ₱20 base and 4 points per ₱20 on online, local dining, department and apparel stores, and overseas spend. Caltex fuel earns a 3% rebate, up to ₱600 a month. Drugstores, gas stations, education, government, insurance, utilities and installments earn no points.
Caps: ₱600 per month (fuel); ₱640 per month (dining, online shopping, foreign online spend, department stores, airfare, hotels, spending abroad)
- Type
- Points
- Points expiry
- 36
- Airline partners
- Asia Miles, KrisFlyer, PAL Mabuhay Miles
Travel perks
- International lounge visits
- None
- Local lounge
- None
- Travel insurance
- None
Watch out for
- High FX fee (3.50%): avoid using it abroad
- Rewards on fuel capped at ₱600 a month
Live and upcoming promos (17)
As of Nov 11, 2026. Check each promo's source before you rely on it.
- HSBCEnds Jan 31, 2027All HSBC credit cards
- HSBCEnds Jan 31, 2027All HSBC credit cards
- HSBCEnds Jan 31, 2027All HSBC credit cards
- MastercardEnds Mar 31, 2027Register firstAll Mastercard cards, any bank
- HSBCEnds Dec 26, 2026All HSBC credit cards
Show 12 more
- HSBCEnds Dec 31, 2026All HSBC credit cards
- HSBCEnds Dec 26, 2026All HSBC credit cards
- HSBCEnds Dec 30, 2026All HSBC credit cards
- HSBCEnds Nov 30, 2026All HSBC credit cards
- HSBCEnds Dec 14, 2026All HSBC credit cards
- HSBCEnds Jan 31, 2027All HSBC credit cards
- HSBCEnds Dec 20, 2026All HSBC credit cards
- HSBCEnds Dec 31, 2026HSBC Mastercard cards
- MastercardEnds Jan 31, 2027All Mastercard cards, any bank
- MastercardEnds Jan 31, 2027All Mastercard cards, any bank
- HSBCEnds Dec 31, 2026All HSBC credit cards
- MastercardEnds Dec 31, 2026All Mastercard cards, any bank
What cardholders say (0)
Individual accounts, read by us before they appear but not checked with the bank. They never change this card's score.
No cardholder posts yet.